NYSE Euronext, Stillwater, YRC Worldwide: U.S. Equity Movers

By Cecile Vannucci -
Jul 11, 2011

Shares of the following companies
are having unusual moves in U.S. trading. Stock symbols are in
parentheses, and prices are as of 1:40 p.m. in New York.

Arch Chemicals Inc. (ARJ) surged 12 percent to $47.10
for the second-biggest gain in the Russell 2000 Index. The
Norwalk, Connecticut-based producer of dry chlorine for swimming
pools agreed to be bought for $47.20 per share, or $1.2 billion
by Lonza Group Ltd. (LONN VX).

Fabrinet (FN) fell 5.6 percent to $22.44 after dropping
as much as 15 percent, the most intraday since March 9. Oclaro
Inc. (OCLR) delivered a notice to the maker of optical
telecommunications equipment to terminate a supply agreement,
according to a regulatory filing.

Lam Research Corp. (LRCX) rose 2.3 percent to $45.20 and
climbed 4.8 percent earlier, the most intraday since May 6. The
maker of chip-manufacturing equipment was raised to “buy” from
“sell” at Citigroup Inc. (C), which increased the price estimate
to $62 a share from $43.

Micromet Inc. (MITI) gained 5.9 percent to $6.10 and
climbed to $6.16 earlier, the highest intraday price since June
10. The biotechnology company said it entered into a
collaboration agreement with Amgen Inc. (AMGN) , for research
on BiTE antibodies against three undisclosed solid tumor
targets, according to a statement. Amgen will have the right to
pursue development and commercialization of BiTE antibodies
against up to two of these targets selected by Amgen. Payments
to Micromet may total as much as 695 million euros ($976
million), excluding development costs.

NYSE Euronext (NYX) fell 5 percent to $33.66 after
sliding 5.2 percent, the most intraday since May 16. The New
York Stock Exchange owner that Deutsche Boerse AG (DBOEY) (DB1 GY) is
buying in an all-stock deal slumped along with the Frankfurt-
based company. Germany’s benchmark DAX Index slid 2.3 percent,
its biggest drop since March 15, helping send Deutsche Boerse
down 3.5 percent to 53.05 euros.

Stillwater Mining Co. (SWC) tumbled 20 percent, the most
intraday since December 2008, to $19.07. The Billings, Montana-
based producer of platinum and palladium agreed to buy Peregrine
Metals Ltd. (PGM CN) for $487.1 million.

YRC Worldwide Inc. (YRCW) surged 9.5 percent to $1.26
and jumped 23 percent earlier, the most intraday since June 27.
The trucking company said it obtained commitments for a three-
year $400 million asset-based loan to replace its existing
asset-backed securitization facility.